Venture capital in Europe needs to diversify according to Balderton’s newest venture partner

techcrunch.com – From its roots in the private equity world of the 1980s, venture capital in Europe has always operated somewhat differently from its counterparts in the U.S.

In this episode of the 20 Minute VC, we catch up with James Wise, a longtime contributor who is making his bow with us as Balderton Capital’s youngest early stage venture partner, and who has plenty to say about how venture capital in Europe needs to evolve.

Of the 500 funds operating across Europe today, Wise says many of them still think like the private equity firms from which they sprang. An approach, he says, that’s ill-suited to venture’s early stage risk-taking.